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Kazi Ahsan new MD of Meghna Bank

2024-04-23 00:00:00

Kazi Ahsan Khalil has been appointed as Managing Director & Chief Executive Officer of Meghna Bank PLC, says a press release.Proficient in corporate banking, retail & SME banking, branch banking, business, trade finance, and process re-engineering, Mr Khalil is highly...

IDCOL, NDE sign deal for construction of Green Tower

2024-04-23 00:00:00

The Infrastructure Development Company Limited (IDCOL), a state-owned non-banking financial institution, has recently signed a contract with National Development Engineers Ltd. (NDE) for the construction of an environment-friendly 'IDCOL Green Tower', says a press release.This landmark project will represent a...

Bangladesh to host International Trade Summit in May

FE REPORT | 2024-04-23 00:00:00

The 4th International Trade Summit is going to be held in Dhaka next month, marking a significant milestone for business development in the region.The two-day trade summit will take place at the Pan Pacific Sonargaon Hotel on May 14-15, according...

Kyrgyzstan willing to take skilled manpower from BD

FE REPORT | 2024-04-23 00:00:00

Kyrgyzstan is willing to take skilled manpower from Bangladesh to employ them in its export-oriented industries.Deputy Foreign Minister of the Kyrgyzstan Republic Avazbek Atakhanov said this at the end of his meeting with Prime Minister's Private Industry and Investment Adviser...

Trade talks with USTR delegation 'comprehensive': Foreign Secretary

2024-04-23 00:00:00

Foreign Secretary Masud Bin Momen had a meeting with the Assistant US Trade Representative for South and Central Asia Brendan Lynch in Dhaka on Monday.During the meeting at the state guesthouse Padma, the two sides engaged in comprehensive discussions on...

Tesla shares drop on price cuts in run-up to earnings

2024-04-23 00:00:00

Tesla fell more than 3 per cent in premarket trade on Monday, as its latest global price cuts fanned Wall Street concerns about dwindling margins at the electric-vehicle maker in the run-up to its earnings report later this week, reports...

World stocks rebound on tempered Mideast fears

2024-04-23 00:00:00

TOKYO/LONDON, April 22 (Reuters): World stocks recovered some losses on Monday and gold fell by the most in a year, dropping with government bond prices and oil as investors reversed some defensive positions taken going into the weekend on fears...

Powell's 'restrictive' emphasis maximizes Fed flexibility

2024-04-23 00:00:00

ORLANDO, Florida, April 22 (Reuters): Central bankers choose their words carefully, so recent comments from the Federal Reserve's two most senior policymakers that US monetary policy could stay "restrictive" rather than "higher" for longer should not be overlooked.While it may...

Tesla cuts prices in China, Germany and around globe after US cuts

2024-04-23 00:00:00

BEIJING, Apr 22 (Reuters): Tesla has cut prices in a number of its major markets, including China and Germany, following price cuts in the United States, as it grapples with falling sales and an intensifying price war for electric vehicles...

US consumers on lower incomes face loan stress while banks pull back

2024-04-23 00:00:00

NEW YORK, Apr 22 (Reuters): US borrowers on lower incomes are increasingly struggling to keep up with their loan payments, according to recent data and bank executives, prompting banks to become more cautious about dishing out credit cards and car...

Google scraps minimum wage rules for suppliers

2024-04-23 00:00:00

NEW YORK, Apr 22 (Reuters): Alphabet Inc's Google on Friday said it will roll back requirements that US suppliers and staffing firms pay their employees at least $15 an hour and provide health insurance and other benefits, a move that...

Indian shares join global rebound as Middle East worries ease

2024-04-23 00:00:00

BENGALURU, April 22 (Reuters): Indian shares closed higher on Monday, tracking a rebound in global markets due to easing worries over the escalation of tensions in the Middle East.The NSE Nifty 50 rose 0.86 per cent to close at 22,336.40,...

Vietnam set to launch new stocks trading system in bid for market upgrade

2024-04-23 00:00:00

HANOI, April 22 (Reuters): Vietnam is readying the launch next week of a new stocks trading system that would speed up settlement of transactions, as part of reforms aimed at upgrading the country's stock market and attracting more foreign investors.The...

China state fund pours $41b into stock market in Q1, reports show

2024-04-23 00:00:00

SHANGHAI, April 22 (Reuters): Chinese state fund Central Huijin Investment bought blue-chips worth at least $41 billion in the first quarter in a bid to shore up the sliding stock market, funds' latest quarterly reports show.The sovereign fund bought at...

CCCI awareness programme on universal pension scheme

2024-04-23 00:00:00

The Chittagong Chamber of Commerce and Industry (CCCI) held an awareness campaign on the 'Universal Pension Scheme' and spot registration programme for businessmen and employees of their firms at Bangabandhu Conference Hall of its World Trade Centre (WTC) at Agrabad...

A 20-day manager induction training course organised by Janata Bank Staff College

2024-04-23 00:00:00

A 20-day manager induction training course organised by Janata Bank Staff College, Dhaka began on Sunday. MD and CEO of Janata Bank PLC Md. Abdul Jabbar inaugurated the course. Some 25 officers of the bank are taking part in the...

Islami Bank training academy launches internship programme

2024-04-23 00:00:00

The Islami Bank Training and Research Academy launched its 158th internship programme on Monday. Mohammed Monirul Moula, the bank's managing director and CEO, inaugurated the programme as the chief guest. Md. Nazrul Islam, principal of the academy, presided over the...

2024 Nutrition Olympiad gathers adolescents and youth changmakers

2024-04-23 00:00:00

The recently held International Nutrition Olympiad (INO) 2024 gathered adolescents and youth leaders in nutrition from different parts of Bangladesh and showcased their innovation, creativity and leadership to address the longstanding challenges of malnutrition. BIID Foundation initiated the Nutrition Olympiad...

10pc discount on bKash payments at 'Mana Bay' water park

2024-04-23 00:00:00

'Mana Bay' water park is offering a 10 per cent discount on bKash payments to buy entry tickets online. Customers can enjoy this discount as many times as they like during the ongoing campaign which will run until April 30,...

Involve realtors in finalising Building Construction Rules

FE REPORT | 2024-04-23 00:00:00

Country's realtors have expressed dismay over finalisation of the drafted Building Construction Rules for Dhaka city without prior consultation with them. The Real Estate and Housing Association of Bangladesh (REHAB) has urged the government to involve the association in the...

Reforms needed in govt institutions for sustained economic development

FE REPORT | 2024-04-23 00:00:00

Terming institutional weaknesses one of the major areas of concerns, discussants at a programme on Sunday suggested major reforms in government institutions for the sake of a sustained economic development in the country.There is an urgent need for ensuring good...

Internet usage, video streaming help Robi gain 154pc higher profit

FE REPORT | 2024-04-23 00:00:00

Robi Axiata posted an impressive 154 per cent year-on-year growth in profit to Tk 1.06 billion for January-March of FY24, supported by a robust revenue growth and a significant decrease in forex loss. The second largest telecom operator registered more...

Fragility causes market to remain stunted: Stakeholders

FE REPORT | 2024-04-23 00:00:00

Stakeholders are pressing the securities regulator to act to strengthen the fundamentals of the capital market, saying it would not gain stability otherwise. At a Monday meeting, they lamented that while the country achieved a growth in wealth in other...

Weather (2024-04-23)

2024-04-23 00:00:00

Rain/thunder showers accompanied by temporary gusty/squally wind is likely to occur at one or two places over Sylhet division with hails at isolated places until 06:00 pm today (Tuesday), according to the Met office.Weather may remain mainly dry with temporary...

News in brief 2024-04-23

2024-04-23 00:00:00

BSF shoots dead another Bangladeshi in B'bariaIndian Border Security Force (BSF) members have shot dead a 23-year-old Bangladeshi youth along the Putia border in Kasba upazila of Brahmanbaria. The dead, Md Hasan, was the son of Jaru Mia of Kaimpur...

Dhaka's air quality again 'unhealthy'

2024-04-23 00:00:00

Dhaka, the overcrowded capital city of Bangladesh, has ranked fifth on the list of cities with the worst air quality with an AQI index of 130 at 9:00 am on Tuesday morning, reports UNB.Today (Tuesday)'s air was classified as 'unhealthy',...

Two CUET students killed in Ctg road accident

OUR CORRESPONDENT | 2024-04-23 00:00:00

CHATTOGRAM, Apr 22: Two students from the Chittagong University of Engineering and Technology (CUET) were killed in a road accident at Kaptai Selina Quader Chowdhury College area in Chattogram around 4 pm today. The victims have been identified as Shanto...

Youth dies from heatstroke in Ctg

2024-04-23 00:00:00

CHATTOGRAM, Apr 22 (UNB): A youth has died of heatstroke after falling ill on a moving tempo in Chattogram.The incident happened in front of the Shyamoli bus counter in the port city on Monday afternoon.The dead is Md Shukkur Ali,...

Student dies in DU swimming pool

DU CORRESPONDENT | 2024-04-23 00:00:00

A student of Dhaka University (DU) died while taking bath in the swimming pool of the university on Monday.The deceased was identified as Swoad (19), a 1st year student the Philosophy Department of the university. Sources said the incident took...

Anu Muhammad needs 'combined surgery' on feet: Health minister

2024-04-23 00:00:00

Anu Muhammad, the former economics professor at Jahangirnagar University, has been transferred from Dhaka Medical College Hospital to the Sheikh Hasina National Burn and Plastic Surgery Institute, reports bdnews24.com.He was seriously injured as he slipped while trying to get off...